The Persian Journal
Iran builds powerplant in Armenia
Sep 24, 2005

Armenian energy minister said on Friday Iran has invested 150 million
dollars in construction of the fifth unit of the thermal powerplant of
“Razdan”.

Speaking to reporters, Armen Movsisian said, according to the contract, the
Iranian side will finish the construction operation in two years and the
Armenian side will pay back the investment by delivering electricity to Iran
for a ten-year period.

He added Iran and Armenia will construct the third transferring high voltage
electricity line with a capacity of 1,200 mega watts.

Movsisian said the Armenian government, after considering many options,
chose the Iranian company as a contractor for the fifth unit of Razdan
powerplant.

Concerning Iran’s gas pipeline to Armenia, movsisian said the construction
operation is underway and it will be finished four to five months before due
time.

The gas pipeline was scheduled to be commissioned at the end of 2006.